The great mystery lies in why markets suddenly decide to react to one data point and not another.
Resources tend to be the best-performing sector during a rate-hike cycle.
The rand fell more than 1,7% to a three-week low against the dollar on Wednesday as Europe's debt problems kept investors wary of risk.
How to buy shares with your 13th cheque.
Markets have staged a $26-trillion recovery even while debt worries loom large.
Mining counters led the downside as South African stocks extended losses by noon on Monday.
The JSE edged into positive territory by noon on Thursday after starting the day in the red.
The JSE slipped deeper into the red by noon on Thursday as market players opted to take profits after recent rallies.
Precious metal and resource stocks led the downside as the JSE sank deeper into the red by noon on Friday.
World stock markets rose on Monday, with Tokyo hitting the highest level for almost two months.
The JSE lost momentum in morning trade on Wednesday as investors looked to take profits.
The JSE continued to lose momentum in morning trade on Monday and was deep into the red by noon, still moving in line with weak global markets.
Asian stocks tumbled on Thursday as fears that the world's biggest economies are shrinking sparked fresh panic.
The rand fell to a new, six-and-a-half-year low against the dollar on Wednesday, and local stocks also plunged on falling commodity prices.
Warnings of an "inevitable" global recession and the expectation of more interest-rate cuts triggered global financial turmoil on Wednesday.
Optimism grew on Tuesday that the global financial crisis was being brought under control as stock markets surged.
Investors should not do anything extreme and lose sight of long-term goals, says Michael King, Africa director of Franklin Templeton Investments.
Global stock markets traded mixed on Thursday amid recession fears as Wall Street rose and Europe fell for a second day running.
Mounting fears of global recession hammered world stocks on Thursday, with Tokyo suffering its worst loss in two decades and Europe in freefall.
The rand slumped overnight, moving above the R10-a-dollar level, and was early on Thursday morning trading at its worst levels since August 2002.